Ann: Yibin Tianyi Withdraw FIRB Application, page-333

A convenient excuse? That’s seems very unlikely to me. If this is an excuse then it reads as the least convenient excuse I’ve seen for a long time. A convenient excuse would be force majeure due to financial impact of COV therefore cash is needed elsewhere.

Making up a lie about FIRB and the aus government is probably not the best way to go about making an excuse. Think they doubled down and made up the direct quote from FIRB too? While they’re at it with this convenient excuse they could get a bit of slander going.
Typically enjoy your posts so don’t take it the wrong way. The beauty of your call here however is that we will find out very soon if you are right or wrong. If this is flat out falsified by Yibin then FIRB will come out quickly And say so to protect against the backlash.

There has to be more at play here. You dont reject foreign investment if it is needed by the company. Therefore FIRB deems Chinese investment is not necessary for avz success?